This course is an advanced course in macroeconomics that seeks to bring students to the research frontier. The course is divided into two sections. The first half is taught by Prof. Iv‡n Werning and covers topics such as how to formulate and solve optimal problems. Students will study fiscal and monetary policy, among other issues. The second half, taught by Prof. George-Marios Angeletos, covers recent work on multiple equilibria, global games, and informational fictions.

Lesson Objective: At the completion of this lesson, students will have an understanding of the economic indicators and their relationship to the business cycle.  Supplies Needed:Student Handout 1Key Terms (1 per student) (found in Task 1)  References: Econedlink: Council for Economic Education. (n.d.). Economic Glossary. Retrieved from http://www.econedlink.org/economic-resources/glossary.phphttp://www.econedlink.org/interactives/index.php?iid=200&type=studentMBA dictionary. (n.d.). Retrieved November 15, 2014, from MBAResearch and Curriculum Center 

Survey of modern macroeconomics at a fairly advanced level. Topics include neoclassical and new growth theory, consumption and saving behavior, investment, and unemployment. Use of the dynamic programming techniques. Assignments include problem sets and written discussions of macroeconomic events. Recommended for students planning to apply to graduate school in economics. Credit not given for both 14.05 and 14.06.